Starwood Capital Group Management L.L.C. Has $33.91 Million Stock Position in Mid-America Apartment Communities, Inc. (NYSE:MAA)

Starwood Capital Group Management L.L.C. raised its holdings in shares of Mid-America Apartment Communities, Inc. (NYSE:MAA - Free Report) by 17.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 219,407 shares of the real estate investment trust's stock after buying an additional 33,000 shares during the period. Mid-America Apartment Communities comprises 20.7% of Starwood Capital Group Management L.L.C.'s investment portfolio, making the stock its 2nd largest position. Starwood Capital Group Management L.L.C. owned 0.19% of Mid-America Apartment Communities worth $33,914,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Inspire Investing LLC lifted its position in shares of Mid-America Apartment Communities by 0.9% during the fourth quarter. Inspire Investing LLC now owns 7,978 shares of the real estate investment trust's stock worth $1,233,000 after purchasing an additional 68 shares in the last quarter. IFP Advisors Inc lifted its position in shares of Mid-America Apartment Communities by 37.2% during the fourth quarter. IFP Advisors Inc now owns 251 shares of the real estate investment trust's stock worth $39,000 after purchasing an additional 68 shares in the last quarter. Sanctuary Advisors LLC lifted its position in shares of Mid-America Apartment Communities by 0.6% during the fourth quarter. Sanctuary Advisors LLC now owns 11,220 shares of the real estate investment trust's stock worth $1,704,000 after purchasing an additional 69 shares in the last quarter. Huntington National Bank lifted its position in shares of Mid-America Apartment Communities by 6.4% during the fourth quarter. Huntington National Bank now owns 1,168 shares of the real estate investment trust's stock worth $181,000 after purchasing an additional 70 shares in the last quarter. Finally, Chesley Taft & Associates LLC lifted its position in shares of Mid-America Apartment Communities by 1.6% during the fourth quarter. Chesley Taft & Associates LLC now owns 4,828 shares of the real estate investment trust's stock worth $746,000 after purchasing an additional 75 shares in the last quarter. 93.60% of the stock is owned by institutional investors and hedge funds.

Mid-America Apartment Communities Stock Performance

MAA stock traded down $1.66 during trading on Thursday, hitting $154.38. 668,295 shares of the company's stock traded hands, compared to its average volume of 863,971. The company has a quick ratio of 0.08, a current ratio of 0.08 and a debt-to-equity ratio of 0.81. Mid-America Apartment Communities, Inc. has a 52 week low of $126.77 and a 52 week high of $173.38. The stock has a fifty day moving average price of $160.30 and a two-hundred day moving average price of $158.25. The stock has a market capitalization of $18.07 billion, a price-to-earnings ratio of 34.46, a price-to-earnings-growth ratio of 3.72 and a beta of 0.80.

Mid-America Apartment Communities (NYSE:MAA - Get Free Report) last released its earnings results on Wednesday, April 30th. The real estate investment trust reported $2.20 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.04. Mid-America Apartment Communities had a net margin of 24.03% and a return on equity of 8.53%. The firm had revenue of $549.30 million during the quarter, compared to analyst estimates of $551.21 million. During the same quarter in the previous year, the firm earned $2.22 earnings per share. The firm's revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, equities analysts anticipate that Mid-America Apartment Communities, Inc. will post 8.84 EPS for the current fiscal year.

Mid-America Apartment Communities Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 31st. Investors of record on Tuesday, July 15th will be issued a $1.515 dividend. The ex-dividend date is Tuesday, July 15th. This represents a $6.06 dividend on an annualized basis and a dividend yield of 3.93%. Mid-America Apartment Communities's dividend payout ratio (DPR) is presently 126.25%.

Insider Buying and Selling

In related news, CEO H Eric Bolton, Jr. sold 4,358 shares of the stock in a transaction dated Thursday, April 3rd. The shares were sold at an average price of $166.24, for a total value of $724,473.92. Following the sale, the chief executive officer now owns 324,171 shares of the company's stock, valued at $53,890,187.04. This trade represents a 1.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Amber Fairbanks sold 173 shares of the stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $166.85, for a total transaction of $28,865.05. Following the completion of the sale, the executive vice president now directly owns 3,012 shares in the company, valued at approximately $502,552.20. This trade represents a 5.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 7,313 shares of company stock valued at $1,171,707 in the last quarter. Company insiders own 1.20% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently commented on MAA shares. Wall Street Zen cut shares of Mid-America Apartment Communities from a "hold" rating to a "sell" rating in a research report on Thursday. Scotiabank boosted their target price on shares of Mid-America Apartment Communities from $182.00 to $194.00 and gave the stock a "sector outperform" rating in a research report on Monday, May 12th. JMP Securities boosted their target price on shares of Mid-America Apartment Communities from $160.00 to $170.00 and gave the stock a "market outperform" rating in a research report on Thursday. Morgan Stanley upgraded shares of Mid-America Apartment Communities from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $159.50 to $168.00 in a research note on Friday, January 24th. Finally, Jefferies Financial Group upgraded shares of Mid-America Apartment Communities from a "hold" rating to a "buy" rating and lifted their price target for the stock from $148.00 to $190.00 in a research note on Monday, March 10th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat, Mid-America Apartment Communities currently has an average rating of "Hold" and an average target price of $169.41.

Mid-America Apartment Communities Company Profile

Mid-America Apartment Communities, Inc is a real estate investment trust, which engages in the operation, acquisition, and development of apartment communities. It operates through the Same Store and Non-Same Store segments. The Same Store Communities segment represents those apartment communities that have been owned and stabilized for at least 12 months as of the first day of the calendar year.